Rent to Own Homes in Dothan

Dothan is located toward the southeastern corner of Alabama, approximately 75 miles east of the Conecuh National Forest and about 100 miles south of Montgomery and Columbus, Georgia. The Dothan Regional Airport is positioned on the northern edge of the city, and the Florida border is a short drive to the east.

Dothan is located toward the southeastern corner of Alabama, approximately 75 miles east of the Conecuh National Forest and about 100 miles south of Montgomery and Columbus, Georgia. The Dothan Regional Airport is positioned on the northern edge of the city, and the Florida border is a short drive to the east.

As part of the Dothan Metropolitan Area, this region offers students of all ages many educational opportunities. Younger students are served by Dothan City Schools, Houston County Schools, and a long list of private institutions. Older students can study at the Troy University Dothan Campus, Fortis College, Wallace Community College or one of the religious and specialized colleges in the surrounding area.

For news relating to prestigious residents and noteworthy events around town, many residents eagerly await the bi-monthly release of Dothan Magazine. They also take full advantage of city attractions like the Dothan Area Botanical Gardens, the Wiregrass Museum of Art and the G.W. Carver Interpretive Museum. For outdoor recreation, residents have access to Water World, Westgate Park and the Forever Wild walking trails.

Buying a Home in Dothan

The median sales price for homes in Dothan is typically well under $150,000. You can expect to spend around $100 per square foot in the more prestigious neighborhoods, but there are many family-friendly communities that offer homes at much lower prices. With so many affordable properties on the market, you may run into some competition with homes located in the best neighborhoods. If you can provide an earnest deposit or make an aggressive offer, you’re likely to snag the home of your dreams in Dothan at a great price.

Popular Neighborhoods in Dothan

The most desirable neighborhoods in Dothan are located in the western half of the city. One of the most family-friendly communities with easy access to quality schools is Green Acres. This small neighborhood is located south of 84, west of Ross Clark Circle and north of Fortner Street. The Highland Oaks Golf Course serves as the western boundary, and the area incorporates the Forever Wild Trails. Homes typically sell for around $200,000 in this area, and you’ll find a mix of new constructions and established homes.

You can find slightly lower real estate prices in the small neighborhoods surrounding Green Acres, but some of the most reasonable prices are on the western edge of the city in the Ardilla neighborhood. It’s located south of routes 84 and 431, with East Cottonwood Road running straight through the community. Real estate prices are closer to $100,000 in this area.
Buying vs. Rent to Own Homes

A rent-to-own home is an alternative to the standard home-buying process. You don’t have to submit your financial life to scrutiny right now because you can move into your future home as a renter. Since you’re renting the property that you will one day own, you can settle in without worrying about another move in the future. The terms of a rent-to-own deal will vary from one property to another, but you can often negotiate to have a portion of your rent set aside to use as your future down payment. When you’re ready to purchase the home, you secure financing and make the transition from renter to homeowner.
Cost of Living in Dothan

You can expect to pay average prices for most goods and services when living in Dothan, but the housing market will cut you a break. The cost of homes can drop up to 40 percent below the national average at times, and that brings the overall cost of living down to almost 20 percent below average. This is a community that allows you to stretch your housing budget if you can afford a luxury home while offering those with a more limited housing budget a variety of options. It’s possible to live comfortably here on any budget.

Summary

Resting in the southeastern corner of Alabama, the city of Dothan is conveniently located a short drive away from Florida and Georgia. This is a city founded on education with multiple community colleges available to older students and a variety of public and private schools open to younger students. There are many parks located throughout the city, and residents also have access to a local water park. If you also consider the low cost of living and affordable housing market, you see why so many families are attracted to this area of Alabama.

Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area:

About Rent To Own Labs

Our goal is to help you find the ideal rent to own home. To do that, we’ve had to experiment with a lot of crazy things to make that happen (thus our name!). We’re consistently trying new things, working with new partners, and overall, trying to make your search experience as seamless as possible. At the end of the day, we know how important it is to find the perfect home, and we’re excited to help you find it, and to help you through the entire process.